Line of credit for export financing requires specified utilisation periods, GR/SDF shipment declarations and FEMA compliance by authorised banks. A Line of Credit from Exim Bank to the Government of Ghana finances eligible Indian exports for rural electrification and a presidential office. Shipments must be declared on GR/SDF forms. Distinct terminal utilisation periods apply for project exports and other supplies. No agency commission is payable under the LOC, though exporters may use own funds or EEFC balances for commission subject to realisation and prevailing instructions. Authorised Dealer banks must notify exporter constituents. Directions are issued under statutory foreign exchange powers without prejudice to other legal permissions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Line of credit for export financing requires specified utilisation periods, GR/SDF shipment declarations and FEMA compliance by authorised banks.
A Line of Credit from Exim Bank to the Government of Ghana finances eligible Indian exports for rural electrification and a presidential office. Shipments must be declared on GR/SDF forms. Distinct terminal utilisation periods apply for project exports and other supplies. No agency commission is payable under the LOC, though exporters may use own funds or EEFC balances for commission subject to realisation and prevailing instructions. Authorised Dealer banks must notify exporter constituents. Directions are issued under statutory foreign exchange powers without prejudice to other legal permissions.
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